SF Appeal has posted a memo Chron Metro Section Editor Audrey Cooper sent to her troops in which she says: “You are going to smash whomever is naive enough to poke their noses in our market. Bring it on!” Cooper didn’t mention F. Warren Hellman’s $5 million Bay Area News Project, but what else could she be talking about? Certainly SF Appeal, headed by Eve Batey, thinks Cooper is talking about the Hellman project.
Investment banker and Wells Fargo heir F. Warren Hellman is teaming up with KQED and the UC-Berkeley J-school to create a nonprofit news organization to fill gaps in local news coverage left by the decline of the Chronicle and other daily papers. The Hellman Family Foundation is contributing $5 million to the Bay Area News Project, which is also in talks with The New York Times and other potential participants. (Coverage: NYT, SF Business Times, Chronicle, AP and press release
San Francisco investment banker and Wells Fargo heir F. Warren Hellman and other business leaders have asked Hearst Corp. to consider turning the Chronicle into a nonprofit, the San Francisco Business Times reports. San Francisco attorney Bill Coblentz, after discussing the idea with Hellman, conveyed the plan to William R. Hearst III, who is a Hearst Corp. director and an affiliated partner with the Sand Hill Road venture capital powerhouse Kleiner Perkins Caufield & Byers. The proposal would be for